The Management Board of Cyfrowy Polsat S.A. (the "Company"), announces that acting by virtue of the authorization granted by the Extraordinary General Meeting of the Company under Resolution No. 7 dated 16 November 2021 on authorizing the Management Board to acquire own shares and create a capital reserve for the purpose of the own shares buy-back program (the "Own Shares Buy-Back Program"), on 16 May 2022 it decided to proceed with the buy-back of the Company’s own shares by way of an announcement by the Company together with Reddev Investments Limited with its registered office in Limassol, Cyprus ("Reddev") and Tobe Investments Group Limited with its registered office in Limassol, Cyprus ("Tobe") (“Buyers”) of the invitation to submit offers to sell the Company’s shares (the "Invitation").
The subject of the Invitation is not more than 35,000,000 (thirty-five million) dematerialized ordinary bearer shares with the nominal value of PLN 0.04 (four grosz) each, issued by the Company and registered by the KDPW (the Central Securities Depository of Poland) under ISIN code PLCFRPT00013, which represent not more than 5.47% of the share capital of the Company and entitle the holder to exercise not more than 4.27% of the total number of votes at the Company’s General Meeting (the "Purchased Shares"). The proposed purchase price for the Purchased Shares under the Invitation is PLN 22.28 (twenty two zloty, twenty eight grosz) per one Purchased Share.
Under the Invitation:
a) the Company intends to acquire 49.5% of the total Purchased Shares, but not more than 17,325,000 (seventeen million three hundred and twenty-five thousand) Purchased Shares, representing not more than 2.71% of the total number of the Company's shares;
b) Reddev intends to acquire 39.5% of the total number of the Purchased Shares, but not more than 13,825,000 (thirteen million eight hundred and twenty-five thousand) Purchased Shares, representing not more than 2.16% of the total number of the Company's shares; and
c) Tobe intends to acquire 11.0% of the total Purchased Shares, but not more than 3,850,000 (three million eight hundred and fifty thousand) Purchased Shares, representing not more than 0.60% of the total number of the Company's shares.
Offers to sell the Company’s shares may be placed through Trigon Dom Maklerski S.A. between 17 May 2022 and 20 May 2022 5:00 p.m. (CET).
The full text of the Invitation will be published on the website of the Polish Press Agency (Polska Agencji Prasowej S.A.) on 16 May 2022.
Current report no. 4/2022 708.42 KB
